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Actually, outsourcing dates back farther than that. In fact, my company brought back jobs in the 1990s, it had outsourced in the 1980s.
Didn't I state recent outsourcing trends? Oh that's right did. The policies enacted by his adminstration and congress during that time period made it possible.
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Then started outsourcing again in 2002... but then those were higher skill jobs, to India.
Along with manufacturing jobs as well since we lost many during the time period and they went to China during the 90's and afterwards.
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Who is responsible for taking those away? Mexicans?
If it were the Mexicans we'd be a lot better off but a lot of the jobs they would've gotten from NAFTA went to China instead. If they had gone to Mexico there economy would've grown and we would've had less illegal immigration from Mexico into the United States which means we would've had a lot less tension between the two countries. But that's okay you can keep posting your dumbass stereotypical responses.
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My conclusion from your argument: "I don't know why you don't comprehend this man but my whole point is Obama lied and acted like he was the messiah when it comes to the economy and that clearly wasn't the case."
What else did you mean there?
That he was full of **** and should be held accountable just like other politicians who are full of ****? I don't see what is hard to understand about that.
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Compared to who? W Bush? Clinton? HW Bush? Reagan? These economists could use a little sense than making statements like that.
Why do they need to make a comparison? They stated the two didn't know what they were doing as far as the economy goes and lacked experience when it comes to economics. Nothing hard to comprehend there. As far Clinton goes the man came into office after Senior raised taxes to deal with the deficit at the time, the cold war was over, the internet boom was taking place which neither him or congress deserve credit for other then staying out of its way (although that did lead to a bubble). In short Clinton had one of the easiest Presidency ever.
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He didn't. That is why I called out YOUR vulnerability. You seem to have a different take on the subject than I. Should I be dissappointed instead of you?
Sure that's why his economic advisors stated unemployment wouldn't exceed 8%. Or his summer of BS where he stated the recovery was going into full swing. Then him later on going "we just came out of the worst economic situation since the great depression...it's going to take a while for this recovery". Which was a complete 180 from what he was saying on the campaign trail and when he first came into office.
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Then why are you whining and crying about his promises that you clearly never understood.
What is not understandable about the idiots promises. He acted like the messiah and promised more then he could deliver. He deserves to get his ass chewed for that.
As many people that labelled Peter Schiff a nut he turned out to be right and has stated Obama is going to suck at the economy and John McCain. Although he is a Republican so I'm sure you'll dismiss him.
I'll dismiss him just because he uses broken clock prediction theory. He's fortunate in that so many people don't realize how many completely asinine economic forecasts he's thrown out, they just watch the youtube videos of the times he's lucked out.
Americans are really some of the dumbest people on Earth right now. Seriously! As a whole we are so financially illiterate it's downright scary. The economy is recovering? Haha......
Fact #1
The recently released Federal Reserve Flow of Funds report for all of 2011 reveals that Federal Reserve purchases of Treasury debt mask reduced demand for U.S. sovereign obligations. Last year the Fed purchased a stunning 61% of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis. This not only creates the false appearance of limitless demand for U.S. debt but also blunts any sense of urgency to reduce supersized budget deficits.
Fact #2 Bloomberg.com: News The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world’s largest economy to expand at a slower pace than the 3.2 percent average during the past five decades
ALL OUR NATIONAL DEBT IS ABOUT TO SURPASS OUR ECONOMIC OUTPUT!!!!!!!!!!!! LMAO! AND OUR GOVERNMENT KEEPS BUYING UP OUR DEBT INCREASING OUR NATIONAL DEBT!!!!!!!!!!!! LOL...............
We need a graph of net welfare payments over the past two years. Food stamps, UE, etc. The trend should be downward.
How about a graph of corporate and bank bailouts? I'm more worried about some Phd from Harvard swindling the American taxpayer while working for some investment company than I am some ghetto hoodrat inner city family using up foodstamps and going to the ER for a cold.
I have applied for hundreds of jobs since graduating in December. I just had another interview today in fact. Until my chronically unemployed ass finds a job I will refuse to believe the economy is getting better. Don't any of you people with jobs take it for granted.
This is what one of the older charts looked like. Pay attention to 2001 and 2007. (recoveries vs recessions) http://brainshavings.com/2011/07/what-recovery/
It is defaulting to recovery so you need to make sure to look at recession data also.
We had dinner in a local restaurant Tuesday night and business was very good. Then Wednesday we took a day trip to Atlantic City and the lunch rush was minimal at 12:30. I was actually surprised by just how light the crowds were at AC. The casinos weren't getting much business. I saw younger guys walking around and there were families with small kids in tow. Nobody was in the stores.
It was a perfect boating day( the sea was like glass) even if it was cool and overcast. No powerboats. One sailboat was out with its inboard pushing it along. Gas prices obviously.
But the hotels were getting guests even if they weren't gambling or shopping or eating.
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